Natural Gas 4 Hour Price Update
Updated March 26, 2021 01:54 AM GMT (09:54 PM EST)
2.598 was the closing price of the four-hour candle for Natural Gas, resulting in the current 4 hour candle being one in which price moved down 0.23% ($0.01) from the previous 4 hours. Relative to other instruments in the energy commodity asset class, Natural Gas ranked 5th since the previous 4 hours in terms of percentage price change.
Natural Gas Daily Price Recap
Natural Gas is up 2.07% ($0.05) since yesterday, marking the 2nd straight day an upward move has occurred. On a relative basis, today was pretty good: Natural Gas bested all 6 of the assets in the energy commodity class 🙂 The daily price chart of Natural Gas below illustrates.
Natural Gas Technical Analysis
Coming into today the current price of Natural Gas is sitting close to its 20 day moving averages; moving average crosses often indicate a change in momentum, so this may be worth keeping an eye on. Volatility for Natural Gas has been contracting over the past two weeks relative to volatility over the past month. Whether volatility reverts will be something to watch. Trend traders will want to observe that the strongest trend appears on the 30 day horizon; over that time period, price has been moving down. Price action traders in particular will want to note that the 90 day period appears to show price forming a base; this could indicate that a support/resistance level is developing. For another vantage point, consider that Natural Gas’s price has gone up 5 of the previous 10 trading days.